Sharp rise of non-cash payments in Azerbaijan
By Trend
In 2018, the volume of non-cash payments through Azerbaijan’s national payment system reached 274 billion manats, which is 32 percent more compared to the figures from the previous year, Kamala Gurbanova, the director of the payment systems and settlements department of the Central Bank of Azerbaijan (CBA), said at a press conference in Baku, Trend reports.
According to Gurbanova, the share of cash payments made up 52 percent, which is 8 percentage points less than the figure for 2017.
As for the turnover of payment cards, the figure stood at 16 billion manats last year. Of it, 13 billion fell to cash withdrawals, and 2.8 billion manats to non-cash operations.
“Non-cash transactions make up 17 percent of all operations with payment cards. In 2017, this figure equaled 10.2 percent,” Gurbanova said.
She also added that today there are 66,100 POS-terminals and 2.5 million ATMs in the country.
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